U.S. food prices last year's record high since 1990.

<P>: Http://finance. News, U.S. food prices rose in 2007, a record high since 1990, about double the 2006; but there are indications that food prices in the United States gains no signs of abating. .</ P> <P> According to the "Chicago Tribune" reported that 100 U.S. dollars per barrel in international oil prices approaching record highs, not only the rapid development of bio-ethanol industry, but also increased transportation costs and so the cost for the food industry. .Meanwhile, consumers in developing countries as income levels are improving diet, so that increased demand for meat, eggs, and meat, eggs production requires more food, which to some extent, support the food prices. .</ P> <P> bio-ethanol industry consumed about 25% of the corn production, the industry has been huge demand for corn in the food industry had a ripple effect. .The egg as an example: Because the chicken corn as food, bio-ethanol, strong demand for corn has pushed up corn prices, and thus indirectly pushing up the price of eggs. .</ P> <P> countries such as Australia and Argentina, dry weather made to reduce the supply of wheat in 2007. .U.S. Department of Agriculture is expected, due to increased export demand and domestic consumption, the end of May 2008, U.S. wheat stocks will fall to 200 million 80 million bushels, a 60-year low. .December 17, Chicago Board of Trade wheat futures hit a $ 10.095 a bushel, the historical record. .</ P> <P> Many economists believe that the U.S. Food prices rose in 2007 about 5%, but this may just be the next few years, food prices began to rise continuously. .</ P> <P> the food industry, University of Minnesota, director of the Hamming said: "Perhaps the era of cheap food is over." </ P>.